US Initial Jobless Claims At 3-Week Low


The number of Americans filing for unemployment benefits decreased by 19 thousand to 238 thousand in the week ended April 29th, 2017 from the previous week's unrevised level of 257 thousand and below market expectations of 247 thousand. It is the lowest figure in three weeks. Meanwhile, the 4-week moving average, which removes week-to-week volatility, increased by 750 to 243 thousand. The continuing claims drawn by workers for more than a week decreased by 23 thousand from a 17-year low to 1.964 million.

Claims have now been below 300,000 for 113 straight weeks, the longest such stretch since 1970.

The 4-week moving average was 243,000, an increase of 750 from the previous week's unrevised average of 242,250.

The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending April 22, unchanged from the previous week's unrevised rate. 

The continuing claims drawn by workers for more than a week (the advance number for seasonally adjusted insured unemployment) during the week ending April 22 was 1,964,000, a decrease of 23,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 1,988,000 to 1,987,000. This is the lowest level for insured unemployment since April 15, 2000 when it was 1,962,000. The 4-week moving average was 1,989,250, a decrease of 17,750 from the previous week's revised average. This is the lowest level for this average since November 26, 1988 when it was 1,978,250. The previous week's average was revised down by 250 from 2,007,250 to 2,007,000. 

US Initial Jobless Claims At 3-Week Low


DOL | Yekaterina Guchshina | yekaterina@tradingeconomics.com
5/4/2017 12:39:42 PM